Information Services Group (NASDAQ:III) Given New $5.50 Price Target at Barrington Research

Information Services Group (NASDAQ:III - Get Free Report) had its target price boosted by stock analysts at Barrington Research from $3.75 to $5.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Barrington Research's price objective would suggest a potential upside of 16.40% from the company's current price.

Separately, StockNews.com raised Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 10th.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $4.73 on Monday. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.78. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market cap of $228.00 million, a PE ratio of -67.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The stock's fifty day simple moving average is $3.67 and its two-hundred day simple moving average is $3.43.

Institutional Investors Weigh In On Information Services Group

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Information Services Group in the 4th quarter worth approximately $698,000. Private Capital Management LLC boosted its holdings in shares of Information Services Group by 2.9% during the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock worth $18,422,000 after purchasing an additional 159,141 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Information Services Group by 11,468.6% during the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock valued at $386,000 after buying an additional 114,686 shares during the period. Mackenzie Financial Corp raised its holdings in Information Services Group by 396.6% in the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock worth $384,000 after purchasing an additional 78,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Information Services Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider's stock worth $4,833,000 after buying an additional 63,699 shares during the period. Institutional investors own 73.10% of the company's stock.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.

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